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Hawkley Gets Dnieper-Donets Basin Stake

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July 13, 2012

Hawkley is pleased to announce the award of a 5 year exploration licence for the Chernetska licence by the Ukrainian State Geological Department.

The award of this licence extends Hawkley's sole exploration rights over this prospective licence.

The Chernetska Licence, located in the northern part of the prolific Dnieper-Donets Basin, is 100% owned and operated by Hawkley. A resource evaluation carried out by Moyes & Co ('Moyes'), an independent expert based in Dallas, estimated the Licence had significant upside with prospective resources of 379 Bcf (P50).

Several Soviet era wells ...

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